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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Office buildings
116 Ctr Ct Clarksville, TN 37040-1424
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US80-0309176
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
3,323 SF
Lot
0.89 ac (38,768 SF)
Zoning code
C-5
APN
041K E 00500 000
UPID
US80-0309176
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$775k
Owner & transaction history
Rok Land Partners · 15 yrs held
Rok Land Partners
since 2011
3 recorded transactions
Zoning & alternative use
C-5 · Clarksville, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$840,000
+59.5%
Warehouse, storage
$765,000
+44.6%
Medical building
$575,000
+9.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Clarksville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarksville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$530,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$765,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$575,000
Change: +9% · Conversion: Easy
RETAIL STORES
$525,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$775k
Range $698k – $853k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$233 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,717
Tax year 2023
Assessed value
$230,280
Assessed 2023
Previous assessed
$230,280
+0.0% YoY
Effective rate
4.22%
On assessed value
Land market value
$236,900
Improvement market value
$338,800
Total market value
$575,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
2
Total area
3,323 SF
Lot
0.89 ac (38,768 SF)
Zoning code
C-5
APN
041K E 00500 000
UPID
US80-0309176
Jurisdiction
MONTGOMERY
Zoning & alternative use
C-5 · Clarksville, TN
Zoning C-5 · permitted uses
C-5 · Clarksville, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clarksville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$765,000
MEDICAL BUILDING
Est. value
$575,000
RETAIL STORES
Est. value
$525,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2012
Heating
YES
Cooling
Yes
Stories
2
Units
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
Rok Land Partners
Entity
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2011
$118,000
Rok Land Partners
Norfleet,linneus P III
Warranty Deed
$336,000 · First Federal Savings Bank
Nov 30, 2007
$110,000
Norfleet,linneus P III
Center Pointe Partners
Warranty Deed
$110,641 · First Fsb/elizabethown Ky
—
—
Rok Land Partners
—
Deed Of Trust
related
$392,000 · Pinnacle National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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